Acuitas Investments LLC Sells 49,549 Shares of Allot Ltd. $ALLT

Acuitas Investments LLC reduced its position in Allot Ltd. (NASDAQ:ALLT) by 75.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,749 shares of the communications equipment provider’s stock after selling 49,549 shares during the period. Acuitas Investments LLC’s holdings in Allot were worth $167,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ALLT. Greenhaven Road Investment Management L.P. boosted its stake in shares of Allot by 272.0% during the second quarter. Greenhaven Road Investment Management L.P. now owns 626,024 shares of the communications equipment provider’s stock valued at $5,353,000 after purchasing an additional 457,726 shares in the last quarter. G2 Investment Partners Management LLC bought a new position in Allot in the second quarter worth approximately $14,175,000. Calamos Advisors LLC purchased a new stake in Allot during the second quarter worth $254,000. Acadian Asset Management LLC lifted its holdings in Allot by 12.5% during the second quarter. Acadian Asset Management LLC now owns 778,254 shares of the communications equipment provider’s stock worth $6,648,000 after buying an additional 86,437 shares during the period. Finally, Worth Venture Partners LLC bought a new stake in Allot during the 2nd quarter valued at $359,000. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Price Performance

NASDAQ ALLT opened at $10.18 on Friday. The company has a market cap of $493.22 million, a price-to-earnings ratio of 339.33 and a beta of 1.52. The stock’s fifty day moving average price is $9.94 and its 200 day moving average price is $9.25. Allot Ltd. has a 1 year low of $4.37 and a 1 year high of $11.92.

Wall Street Analysts Forecast Growth

ALLT has been the subject of several recent research reports. Northland Securities set a $18.00 price target on Allot in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a report on Wednesday, January 21st. Cantor Fitzgerald initiated coverage on shares of Allot in a report on Monday, January 12th. They issued an “overweight” rating and a $15.00 price target on the stock. Citigroup reaffirmed an “outperform” rating on shares of Allot in a research report on Tuesday, January 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $12.50 target price on shares of Allot in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.63.

Allot Profile

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.